Paragon Banking Group (PAG) Stock Rating Reaffirmed by Barclays

Paragon Banking Group (LON:PAG)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a report issued on Wednesday. They currently have a GBX 490 ($6.64) target price on the stock. Barclays’ price target suggests a potential downside of 4.20% from the stock’s current price.

A number of other research firms have also recently issued reports on PAG. Numis Securities reissued an “under review” rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Liberum Capital reissued a “buy” rating and set a GBX 490 ($6.64) price objective on shares of Paragon Banking Group in a research report on Friday, January 12th. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Peel Hunt reissued an “add” rating and set a GBX 510 ($6.92) price objective on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 415 ($5.63) price objective on shares of Paragon Banking Group in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 470.33 ($6.38).

Paragon Banking Group (LON:PAG) traded up GBX 7 ($0.09) on Wednesday, reaching GBX 511.50 ($6.94). The company had a trading volume of 711,013 shares, compared to its average volume of 608,647. The firm has a market capitalization of $1,360.00 and a PE ratio of 1,217.86. Paragon Banking Group has a 52-week low of GBX 399.20 ($5.41) and a 52-week high of GBX 555.99 ($7.54).

In other Paragon Banking Group news, insider Hugo Tudor sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of GBX 511 ($6.93), for a total transaction of £76,650 ($103,946.30). Also, insider Alan Fletcher sold 5,000 shares of Paragon Banking Group stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 487 ($6.60), for a total value of £24,350 ($33,021.43). Over the last 90 days, insiders have sold 319,525 shares of company stock worth $79,182,950.

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About Paragon Banking Group

Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.

Analyst Recommendations for Paragon Banking Group (LON:PAG)

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